Book list: The books a bunch of finance luminaries recommend from 2015 including Rise of the Robots by Martin Ford

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Quote of the Day

"The bottom line is that, while low grade corporate bonds almost always blow out on the cusp of of early stages of a recession, the converse is not true. You can have a junk bond blowout without triggering or indicating a recession."

(NDD)

Chart of the Day

2015 has been an unusual year for high yield because such poor returns usually only occur in recessions.

(ftalphaville.ft.com)

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